Replies to post #53538 on Integrated Cannabis Solutions Inc (IGPK)

[Chartmaster]

I don't think so, I have excess long term losses from 2022 that I can only offset with long term gains, otherwise I can only deduct $3000 losses limit each year, that damn $3000 loss limit has haunted me my losing years for sure! And many others out there too!

Except that if you have an excess of long or short term losses beyond your gains in those categories, the excess can be applied to the other category of gains to further offset them.

Again, Long term losses can only be offset by long term gains, short term losses can offset both short and long term gains. But You can deduct $3000 loss limit per year